Sebi has permitted Jane Street, the US-based proprietary trading firm, to resume trading activities. This decision follows Jane Street’s compliance with Sebi’s order to deposit Rs 4,843.57 crore in an escrow account, addressing concerns of market manipulation. While trading restrictions…
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IREDA plans to raise Rs 2,500-3,000 crore via QIP this fiscal, diluting another 3.76% of government stake after a successful IPO. The company aims to boost its lending power to Rs 30,000 crore. IREDA’s loan book surged to Rs 79,941…
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The Income Tax Department is offering relief to taxpayers who received demand notices for short deduction or collection of TDS/TCS due to transactions with in-operative PAN holders. Taxpayers can avoid penalties if the PAN is linked with Aadhaar by a…
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PNB Housing Finance reported a strong first quarter for fiscal year 2025, with net profit increasing by 23% to Rs 534 crore. The company’s total income also grew to Rs 2,082 crore, driven by higher interest income. Improvement in asset…
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However, to ensure oversight from an anti-money laundering and countering the financing of terrorism (AML/CFT) perspective, the Financial Intelligence Unit (FIU-IND) registers Virtual Asset Service Providers (VASPs) under the Prevention of Money Laundering Act (PMLA), he said in a written…
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Anup Kumar Saha resigned as managing director of Bajaj Finance, a few months after his appointment, citing personal reasons. This comes as Saha is among the CEO candidates shortlisted for IndusInd Bank. Consequently, Rajeev Jain has been re-designated as vice-chairman…
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